Please take note that this idea is no longer valid.
Although Price has risen in favour of the idea, the increase in price has taken too long to be considered as a clean breakout.

On a side note, this recent price action in FB can help to exlpain why we commonly hear the phrase "The Trend is your Friend".
While the desired breakout failed to occur, the general overall momentum of the trend is able to drag prices higher, albeit at a slower pace.

To precise, I would subscribe to the phrase "The Trend is your Friend, until you see a Trend Reversal Chart Pattern"